When bitcoin prices continue to drop, smaller miners with higher electricity costs often reduce their operations, which will probably help publicly listed North American miners pick up “meaningful” market share, analyst Jonathan Petersen said in a note. Source link … [Read more...] about Bitcoin’s Slump Is Good for Crypto Miners Long-Term, Jefferies Analyst Says
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What Blockchain Projects Can Do for Social Good
“We think if we get our data models correct, we can have a private sector-based UBI,” he explains. “It can be done using blockchain-based tools to empower individuals, especially in emerging markets where that value can go a lot further, to have a passive source of income. And at the same time, that income can be applied for economic development, mobility. So that’s an … [Read more...] about What Blockchain Projects Can Do for Social Good
The Infuriating Patchwork of Crypto Regulations Is Good for Crypto
Third, a single centralized regulator is akin to being “judge, jury and executioner.” As a former regulator, I know how easy it can be to get things wrong, especially when it comes to new and emerging business models and technology. Putting all of the regulatory authority and power in one place is risky for everyone, consumers and industry alike. While there may be certain … [Read more...] about The Infuriating Patchwork of Crypto Regulations Is Good for Crypto
Michael Saylor Calls Bitcoin the World’s Reserve Asset but Not so Good for Buying a Cup of Coffee
Viewing bitcoin as an asset rather than as a currency also makes life easier from a regulatory perspective. “All of these regulations … they’re really regulations restraining your use of a digital asset as a currency rather than as a property,” Saylor said, adding that if you acknowledge that, it’s easy to see that the future of the industry is “quite bright.” Source link … [Read more...] about Michael Saylor Calls Bitcoin the World’s Reserve Asset but Not so Good for Buying a Cup of Coffee
Here’s why Bitcoin losing $6K in hours was good for BTC price action
Bitcoin (BTC) traded just below $65,000 on Nov. 11 after an overnight correction cancelled out previous snap gains.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"No free lunch" for speculatorsData from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering after briefly dipping below $63,000 in fresh volatility.The pair had moved up sharply on the back … [Read more...] about Here’s why Bitcoin losing $6K in hours was good for BTC price action